Insider Selling: AvePoint (NASDAQ:AVPT) Insider Sells $852,000.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $14.20, for a total transaction of $852,000.00. Following the completion of the sale, the insider directly owned 384,604 shares of the company’s stock, valued at approximately $5,461,376.80. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Michael Brown also recently made the following trade(s):

• On Monday, August 24th, Brian Michael Brown sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $13.30, for a total transaction of $133,000.00.
• On Wednesday, July 29th, Brian Michael Brown sold 5,176 shares of AvePoint stock. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56.
• On Tuesday, July 28th, Brian Michael Brown sold 4,824 shares of AvePoint stock. The shares were sold at an average price of $13.08, for a total transaction of $63,097.92.

AvePoint Price Performance

NASDAQ AVPT opened at $14.00 on Monday. The firm has a 50-day moving average price of $12.58 and a two-hundred day moving average price of $11.10. AvePoint, Inc. has a 12-month low of $8.84 and a 12-month high of $16.77. The company has a market capitalization of $2.96 billion, a P/E ratio of 43.75 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. The company had revenue of $124.50 million for the quarter, compared to analysts’ expectations of $121.38 million. Equities analysts expect that AvePoint, Inc. will post 0.25 EPS for the current year.

Institutional Investors Weigh In On AvePoint

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in shares of AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after buying an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in AvePoint in the fourth quarter valued at about $28,000. GAMMA Investing LLC boosted its stake in AvePoint by 26.6% in the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after buying an additional 802 shares in the last quarter. Vestcor Inc bought a new position in AvePoint in the third quarter valued at about $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in AvePoint in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AVPT shares. Evercore reiterated an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research report on Friday, August 7th. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research report on Monday, July 6th. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, TD Cowen increased their price objective on shares of AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

About AvePoint

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.